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20121121
20121129
Search Results 0 to 5 of about 6 (some duplicates have been removed)
that problem. >> warren buffett came out this week and said the exact opposite. no disrespect to you but he's worth $40 billion and is considered to be the most successful investor in the history of mankind. he says throughout his life, throughout his career, there have been many periods with much higher tax rates, it's never made a dicky bird's difference to people's willingness to invest and that the combination of reduced spending and a few higher taxes for the wealthier people in america is the perfect answer. i just don't get a coherent argument why you can't do a bit of both. >> here's the issue, is that we have never had a period with more than 1% of the gdp in terms of tax hikes since 1969. that was the last time that happened and that put us into a recession and then we had several decades of increasing unemployment. the amount of tax hikes we're talking about here, piers, are about 3% of the gdp. so you're comparing apples to oranges. you can't say well, under clinton, this didn't happen. that was less than 1% of the gdp. we're talking three times that in the situation that we're
on spending problems because that's the problem we have. >> warren buffett wrote this fascinating piece in the "new york times" today. you're familiar with it today. suppose they come to you with an investment idea. i'm in it. i think you should be, too. would your reply be this? it depends on what my tax rate is on the gain we're going to make. if the tax isn't too high, i'd rather leave the money in my savings account. war len buff set says only in norquist imagine kwis. why are you so concerned about protecting the vast wealth of america's small percentage of increasingly rich people? why do you care? >> i'm in favor of not raising taxes on all the american people and as you know the american people quite rightly understand that politicians who say i tax the rich have not finished the sentence. the sentence runs i'm going to tax the rich first and then i'm coming for the middle class. obama said he would tax people na mate 2 hundrthat make over $ a year. in 2012 he changed the promise. he didn't proposition people he won't raise taxes on you if you make less than $200,000. the new pr
Search Results 0 to 5 of about 6 (some duplicates have been removed)